Imorendimento launched a new closed ended property investment fund for the development of a residential project in Gaia's historic center. Gaia is the second most important city in Oporto's Metropolitan Area (Northern Portugal). The investment is headed by Taylor Fladgate Yeatman, the company that owns the Port Wine brands Taylor's, Fonseca and Croft and one of the largest property owners in this city center.
Named Historic Lodges, the fund was created specifically for urban rehabilitation in Gaia's historic center, starting its activity with a development operation regarding a high quality residential project. The project will offer 80 apartments over a 20.000-m